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Oct 29, 2013
10/13
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FBC
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back again with me to answer your tax related questions. rich, thank you for coming back after dinner. i appreciate that. we have a caller here wayne in north carolina. what is your question? >> two questions, when there is a discussion about total income for individuals, as far as getting offset from government, is this ajumped gross income -- adjusted gross, my wife's premium is $ 304 for standard insurance policy, she 62, that amount next year is 778. we have income combined over for gross income for year 2013 over $100 thousand. most of which is associated with my retirement pension and consulting, my wife has a smaller income. and second question is, can we file separate but married in that having -- with low income? >> good question. the actual subsidy is based on married filing joint. if you are married you need to file jointly to get the credit or subsidy. in that case, you are starting with what they call modified ajusted gross income, line 37. with add backs, nontaxable social security, taxes, interest and foreign earned income th
back again with me to answer your tax related questions. rich, thank you for coming back after dinner. i appreciate that. we have a caller here wayne in north carolina. what is your question? >> two questions, when there is a discussion about total income for individuals, as far as getting offset from government, is this ajumped gross income -- adjusted gross, my wife's premium is $ 304 for standard insurance policy, she 62, that amount next year is 778. we have income combined over for...
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Oct 31, 2013
10/13
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KQED
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. >> it will pass to the customers over a billion dollars worth of taxes and fees associated with the affordable care act that need to go into pricing. >> reporter: divided among aetna's 22 million members, that's not much but some say there are other added costs. children covered on parents' plans until they are 26 and protections for preexisting conditions. >> the analogy would be your house starts to burn. you call the insurance company immediately and say i would like household insurance. they say okay, sure. >> reporter: even employers say much of the increases are simply the result of rising health care costs and more people using health care. factors that at least for now have nothing to do with obama care. scott cohn, "nightly business report." >>> here to talk more about the changing landscape of health insurance is greg, assistant professor of management at northwestern university kellogg school of management and specializes in health care. good to have you with us. i assume you heard scott's package there. i want to get your best guess, estimate of how much or what percenta
. >> it will pass to the customers over a billion dollars worth of taxes and fees associated with the affordable care act that need to go into pricing. >> reporter: divided among aetna's 22 million members, that's not much but some say there are other added costs. children covered on parents' plans until they are 26 and protections for preexisting conditions. >> the analogy would be your house starts to burn. you call the insurance company immediately and say i would like...
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Oct 29, 2013
10/13
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CNBC
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get taxed on our benefits. >> they -- >> the costs. >> every other form of compensation gets taxed and this is an anomaly. >> what congress is saying, we'll spot you the first 10,000 and not include that as tax but anything above that amount for an individual, would be subject to this exize of 40%. >> again, it's not only a question of income tax or tax, it's a question of containing costs on the back end to make sure that people are not getting willy-nilly tests they don't need. >> i've gone 40% over the time allotted to this. i'm going to get scolded, spanked. down to you. >> let's go to dominic chu for a market flash. >> activist investor star is asking semiconductor to consider selling or restructuring its mobile amplifier business which it says is dragging down the chip price. star board value said the company should focus on networks and defense units like skyworks solutions. the mobile power amplifier business accounts for 65% of the company's revenues. triquint not a immediately available for comment. >> nickel and diming your way to record revenues. the airlines masters at tha
get taxed on our benefits. >> they -- >> the costs. >> every other form of compensation gets taxed and this is an anomaly. >> what congress is saying, we'll spot you the first 10,000 and not include that as tax but anything above that amount for an individual, would be subject to this exize of 40%. >> again, it's not only a question of income tax or tax, it's a question of containing costs on the back end to make sure that people are not getting willy-nilly tests...
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Oct 31, 2013
10/13
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CNBC
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treasury credits higher tax receipts for about 80% of the defic deficit's reduction as tax revenues jump nearly $3 trillion. >>> watch out, opec. texas is in the midst of an oil boom. the eia reports that production in texas is up 29% from last year. if this trend continues, texas crude oil production could surpass all opec members except saudi arabia as early as next year larry? >> you know, thanks. i just add to that, yes, the deficit's come down nicely, but i think these so-called experts aught to see what the budget caps and sequesters have done. spending, discretionary spending, has moved down all the way back to close to 2007, early 2008 levels. and that is some achievement. anyway, thanks very much. >>> now, back to our top story this evening. we have numerous developing stories of new problems and questions about obama care. but first, keeping your insurance plan isn't the only broken promise from president obama on health care. remember all the times he promised obama care wouldn't add a dime to the deficit? check this out. >> i won't sign it if that reform adds even one dime to
treasury credits higher tax receipts for about 80% of the defic deficit's reduction as tax revenues jump nearly $3 trillion. >>> watch out, opec. texas is in the midst of an oil boom. the eia reports that production in texas is up 29% from last year. if this trend continues, texas crude oil production could surpass all opec members except saudi arabia as early as next year larry? >> you know, thanks. i just add to that, yes, the deficit's come down nicely, but i think these...
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Oct 29, 2013
10/13
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CNBC
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you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a week? >> i'm not sure whether or not the affordable care act and the 30-hour work week is driving it, but i can tell you that what we're seeing in our large accounts is higher in-group attrition, decreases in employment in our large groups, not nearly as high as 2009, but definitely higher than the last two, three years. and we're also seeing higher part-time employment and interest in part-time benefits. as you know, better than i do, the labor market statistics show much higher growth in part-time employment this year overall growth, the inverse -- >> which means higher premiums b
you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a...
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Oct 29, 2013
10/13
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CNBC
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big pay fors for obama care coming up, the premium tax, they have for those in the medicare advantage business they have the headwinds of live cuts to their reimburse mpts for that medicare advantage program next year. there are sig cannot issues the plans are facing. >> another group that was on the move recently with obama care being put into implementation and that's the information it technology stocks. athena health, serner, all scripps, down a lot today and a lot of people think well, if they were sent to be the biggest ben factors from the implementation of obama care what happens with this continued scrutiny? do you sell those stocks? >> well, i think that there's going to be some reckoning in the health care services group to begin with and anyone who is going to be at the end of this backlash against everybody and anything who worked on the exchange is going to have a rough time with their stocks. i would add one more name to this and that's united health group. it's important to understand the role of nighted in all of this. on the one hand they're a health insurance compan
big pay fors for obama care coming up, the premium tax, they have for those in the medicare advantage business they have the headwinds of live cuts to their reimburse mpts for that medicare advantage program next year. there are sig cannot issues the plans are facing. >> another group that was on the move recently with obama care being put into implementation and that's the information it technology stocks. athena health, serner, all scripps, down a lot today and a lot of people think...
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Oct 30, 2013
10/13
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CNBC
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this illinois-based company has roughly $90 million in yearly earnings before interest, taxes, basically profits if you want to put it that way. it's valued around 8.5 times earnings on the potential sale or more than $750 million. so those coleman cable shares spiking here in the market session so far. >> thank you very much. the dow and s&p 500 record highs. nasdaq fresh 13-year high. where can you find opportunity right now at these prices? we've got almost a trillion dollars worth of investment advice for you. that's what this guy supervises. boeing, nike, american express the three big winners in the dow this year. how to play those favorite stocks, that and more when we return on "power lunch." more. more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. intrtdd#: 1-800-345-2550lass. life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#:
this illinois-based company has roughly $90 million in yearly earnings before interest, taxes, basically profits if you want to put it that way. it's valued around 8.5 times earnings on the potential sale or more than $750 million. so those coleman cable shares spiking here in the market session so far. >> thank you very much. the dow and s&p 500 record highs. nasdaq fresh 13-year high. where can you find opportunity right now at these prices? we've got almost a trillion dollars worth...
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Oct 29, 2013
10/13
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MSNBC
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the average tax subsidy you can get to buy this type of insurance is about $2700 which can offset some of this increased cost. that might lessen the blow to some people except they don't know that because they can't get to the website that tells them this is the savings they are allowed to have. there's a whole host of problems compounding one another for the administration. this can change over time but at this moment you have the sense that, you know, this is just one great mess that administration has to figure out a way to deal with. >> encourage everyone to read lisa's report. she and her team put together a lot of news. another big story not only allies upset over the agency's wiretapping, senator diane feinstein is calling for a full review of the mass data collection at home and abroad. the california democrat who chairs the senate intelligence committee said she's opposed to spying on u.s. allies. according to senator feinstein congress has not been adequately kept in the loop. feinstein said the administration assured her surveillance would not continue. a point some official
the average tax subsidy you can get to buy this type of insurance is about $2700 which can offset some of this increased cost. that might lessen the blow to some people except they don't know that because they can't get to the website that tells them this is the savings they are allowed to have. there's a whole host of problems compounding one another for the administration. this can change over time but at this moment you have the sense that, you know, this is just one great mess that...